Located in Shelbyville, Ind., Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. plans to annually produce about 39,000 tons of cold heading wire for use as nuts, bolts and other automotive fasteners.

“This facility is the first U.S. production plant for the NSSMC Bar & Wire Rod unit, already operating in Thailand and China, and we are excited to be locating in Indiana," said Hideoki Kimura, president of Nippon Steel & Sumikin Cold Heading Wire Indiana, in a statement.

“We chose Indiana and the Shelbyville community for this investment because of the central location, established manufacturing industry and the skilled workforce available."

The steelmaker announced first announced plans for the facility in January, saying at the time that it foresaw continued growth in the North American automotive market. The facility is to consist of four wire drawing machines, two heat treatment furnaces and a pickling and coating line.

The company said on Tuesday that it expects to have the plant up and running by the spring of 2018. It could employ up to 70 people by 2021.

The state of Indiana is extending $615,000 in conditional tax credits and job training grants to the company.